Friday, 22 February 2013 (3 days ago) by Joe Rowley
US private equity fund, the Carlyle Group, has turned to the Washington, DC office of Latham & Watkins LLP, Brazil’s Veirano Advogados, Venezuelan firm D′Empaire Reyna Abogados, Galicia Abogados in Mexico, Colombia’s prietocarrizosa and the New York office of Dutch firm De Brauw Blackstone Westbroek to acquire DuPont’s performance coatings business for US$4.9 billion.
DuPont, a US chemical company, turned to the New York office of Skadden, Arps, Slate, Meagher & Flom LLP for the deal that was signed on 1 February. The transaction is expected to close in the first quarter of this year subject to regulatory approvals.
Carlyle partially financed the acquisition through a senior, euro- and dollar-denominated notes offering on the international markets by two of its affiliates, US Coatings Acquisition and Flash Dutch 2, which raised some US$1.3 billion. Cravath, Swaine & Moore LLP advised Credit Suisse as joint lead arranger and initial purchasers in an offering alongside Machado, Meyer, Sendacz e Opice Advogados.
Counsel to the underwriters
Cravath, Swaine & Moore LLP
Partners Craig Arcella and Matthew Morreale, and associates Bomi Lee, Christopher Couvelier, Christopher Fargo, Neetin Gulati, Sarah Fortt and Rebecca Hurt in New York
Partner Mauro Penteado and associates Alberto Faro and Rafael Arsie Contin
(Latin Lawyer 22.02.2013)
(Notícia na Íntegra)